NOT LISTED FOR SALE

507 E Broadway Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $679,372

Studio
-- Bath
1,815 Sq Ft
$374/Sq Ft Est. Value

Last Sold October 23, 2017

Last sale price $275,000 $152 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $4,271/month

763 Days on Market

Highlights

  • 0.31 Acre Lot
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Concrete Flooring

About This Home

As of October 2017

Previously a Mexican restaurant, this location and zoning would provide for and make a great auto resale lot with excellent exposure and frontage on Broadway. This has a fully paved lot and an 1814 square foot building. Lot size is .31 acres. Building is empty and will need to be improved to buyers needs. Seller is firm on price being sold AS-IS.

Last Agent to Sell the Property

Pete Baldwin

Platinum Realty Network License #BR537748000 Listed on: 05/25/2015

Co-Listed By

Jeff Huff

Berkshire Hathaway HomeServices Arizona Properties License #SA629305000

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Jeff Huff

Berkshire Hathaway HomeServices Arizona Properties License #SA629305000

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Property Type

  • Other

Year Built

  • Built in 2000

Lot Details

  • 0.31 Acre Lot
  • Property is zoned C3

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,815 Sq Ft Home
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Community Details

  • Loch Place Annex Subdivision
  • Operating Expense $8,356

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number 113-37-083-A

Property Details

Property Type

Other

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C3
  • Number Of Buildings: 1
  • Year Built: 2000
  • Tax Year: 2011
  • Lot Size Acres: 0.31
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: prnw01
  • Co List Office Phone: 480-326-6521
  • Subdivision Name: LOCH PLACE ANNEX
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 13650.0
  • Additional Parcels: No
  • Parcel #: 113-37-083-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 8356.0

Tax Info

  • Tax Annual Amount: 8356.0
  • Tax Book Number: 113.00
  • Tax Lot: 81
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2017
Sold by
Purdy Forrest and Purdy Janice Marie
Bought by
Par Saam Properties Llc
Current Estimated Value
$679,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,750
Outstanding Balance
$147,272
Interest Rate
3.94%
Mortgage Type
Seller Take Back
Estimated Equity
$532,100

Purchase Details

Closed on
May 5, 2011
Sold by
Barrera Mario
Bought by
Purdy Forrest and Purdy Jan

Purchase Details

Closed on
Nov 28, 2005
Sold by
Hernandez Jorge G and Hernandez Evelia
Bought by
Barrera Mario G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2005
Sold by
Barrera Lorenza V
Bought by
Barrera Mario G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 1998
Sold by
Baca Katie H and Baca Ignacio G
Bought by
Hernandez Jorge G and Hernandez Evelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,850
Interest Rate
7%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Par Saam Properties Llc $275,000 Pioneer Title Agency Inc
Purdy Forrest $273,232 None Available
Barrera Mario G $340,000 Tsa Title Agency
Barrera Mario G -- Tsa Title Agency
Hernandez Jorge G $27,850 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Par Saam Properties Llc $178,750
Previous Owner Barrera Mario G $217,500
Previous Owner Hernandez Jorge G $18,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2017 10/23/17 Sold $275,000 +22.2% $152 / Sq Ft
05/15/2015 05/15/15 For Sale $225,000 -- $124 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,621 $57,177 -- --
2024 $8,670 $56,156 -- --
2023 $8,670 $61,353 $16,660 $44,693
2022 $8,746 $54,023 $12,390 $41,633
2021 $9,480 $55,350 $12,744 $42,606
2020 $9,363 $52,056 $9,396 $42,660
2019 $9,098 $59,490 $9,864 $49,626
2018 $8,853 $63,252 $9,486 $53,766
2017 $8,438 $61,056 $9,882 $51,174
2016 $8,025 $55,620 $8,982 $46,638
Source: Public Records

Agents Affiliated with this Home

  • Pete Baldwin

    Seller's Agent in 2017

    Pete Baldwin

    Platinum Realty Network

    (480) 326-6521

    40 Total Sales

    Pete Baldwin
    Section Image
  • Jeff Huff

    Seller Co-Listing Agent in 2017

    Jeff Huff

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 888-6361

    2 in this area

    139 Total Sales

    Jeff Huff
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5284792

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-37-083A

Arizona Maricopa County Phoenix 85040 South Mountain

507 E Broadway Rd, Phoenix, AZ

Not Listed for Sale

Other

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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